Kraken, a US-based cryptocurrency exchange, has secured a $200 million investment from Citadel Securities, leading to a valuation of $20 billion. This investment is part of Kraken's growth strategy, with Citadel expressing commitment to collaborate on risk management and market structure analysis. This funding follows a previous round in September where Kraken raised $600 million at a $15 billion valuation.

Kraken has successfully raised $800 million in two funding rounds, leading to a significant increase in its valuation to $20 billion. This funding was notably supported by a $200 million investment from Citadel Securities. The company is intensifying its efforts in on-chain financial services and expanding its presence in global markets, particularly in tokenized assets. This marks a pivotal moment for Kraken as it seeks to enhance its offerings and compete more effectively in the cryptocurrency sector.

Crypto exchange Kraken has successfully raised $800 million through two funding rounds, elevating its valuation to $20 billion. This significant financial boost is expected to support Kraken's expansion plans in the competitive cryptocurrency market.

Kraken is reportedly in advanced discussions to secure a new round of funding that could elevate its valuation to $20 billion. A strategic investor is considering an investment ranging from $200 million to $300 million, which would significantly enhance the U.S.-based cryptocurrency exchange's position as it approaches a public offering.